How To Put $100 In Your Retirement Fund Each Month With Duke Energy Stock

Duke Energy Corporation DUK is an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). 

It will report its Q4 2024 earnings on Feb. 6, 2025. Wall Street analysts expect the company to post an EPS of $1.68, up from $1.51 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $7.30 billion, up from $7.21 billion in the year-ago period.

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The 52-week range of Duke Energy’s stock price was $90.09 to $121.25.

Duke Energy’s dividend yield is 3.87%. During the last 12 months, it paid $4.18 per share in dividends. 

The Latest On Duke Energy

On Nov. 7, the company announced its Q3 2024 earnings, posting an adjusted EPS of $1.62, down from $1.94 a year ago and missing the consensus of $1.70, as reported by Benzinga.

Revenues of $8.154 billion exceeded the consensus of $8.058 billion. Quarterly results declined primarily due to increased O&M expenses, such as storm-related costs, higher depreciation from an expanding asset base, rising interest expenses and the impact of milder weather.

Duke Energy expects full-year adjusted EPS of $5.85 – $6.10 vs. the consensus of $5.98. The company also reaffirmed its long-term adjusted EPS growth of 5% – 7% through 2028 vs. the 2024 midpoint of $5.98.

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How Can You Earn $100 Per Month As A Duke Energy Investor?

If you want to make $100 per month –$1,200 annually – from Duke Energy dividends, your investment value needs to be approximately $31,008, which is around 287 shares at $107.89 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.87%). So, $1,200 / 0.0387 = $31,008 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Duke Energy stock an attractive option for making a steady income of $100 per month by owning 287 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Duke Energy has raised its dividend consecutively for the last 17 years. 

Check out this article by Benzinga for three more stocks offering high dividend yields. 

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

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